In 2023, Romania led in environmentally related tax revenue from manufacturing coke and refined petroleum products among European countries, with a slight increase of 2.54% from the previous year. Poland showed significant growth at 19.18%, while the United Kingdom had a modest rise of 1.62%. Notably, Germany saw a modest increase of 3.05%, whereas Spain and Bulgaria experienced declines of 0.94% and 10.07% respectively. Estonia, with a 23.11% rise, showed notable growth among smaller economies, while the Czech Republic experienced a sharp decline of over 50%. Over the past five years, countries have experienced varied average annual growth rates, indicating diverse volatility and market dynamics.
Future trends to watch for include:
- Increased regulatory pressures and policies targeting carbon emissions may drive varied growth patterns across Europe.
- Technological advancements in cleaner manufacturing processes could influence tax revenue in different ways, urging a shift in the industry's taxation landscape.
- Political and economic changes in European countries may impact environmental taxation and its related revenues, affecting long-term strategies.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Coke and Refined Petroleum Products by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 2,830 | 2023 | +1.74% | +2.54% | View data |
| 2 | 2 Poland | 2,200 | 2023 | +4.9% | +19.18% | View data |
| 3 | 3 United Kingdom | 1,350 | 2023 | +2.34% | +1.62% | View data |
| 4 | 4 Germany | 603.44 | 2023 | +0.62% | +3.05% | View data |
| 5 | 5 Spain | 472.57 | 2023 | +6.66% | -0.94% | View data |
| 6 | 6 Hungary | 435.2 | 2023 | +2.73% | +7.72% | View data |
| 7 | 7 Belgium | 283.38 | 2023 | +3.82% | +5.09% | View data |
| 8 | 8 Serbia | 124.79 | 2023 | +3.93% | -0.12% | View data |
| 9 | 9 Estonia | 78.54 | 2023 | +8.97% | +23.11% | View data |
| 10 | 10 Portugal | 64.24 | 2023 | +3.85% | +0.13% | View data |
